Federal Bank Ltd Sees 15.27% Surge in Open Interest Amid Increased Trading Activity

Federal Bank Ltd has experienced a significant increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 42,435 contracts, marking a rise of 5,622 contracts or 15.27% from the previous open interest of 36,813. The trading volume for the day reached 53,310 contracts, indicating robust participation in the market.
In terms of price performance, Federal Bank is currently trading close to its 52-week high, just 2.8% away from the peak of Rs 220. The stock has outperformed its sector by 0.79% today, continuing a positive trend with consecutive gains over the past seven days, resulting in an overall increase of 11.24% during this period. Notably, Federal Bank is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward momentum.

Additionally, the stock has shown rising investor participation, with a delivery volume of 76.89 lakh shares on October 13, reflecting a 95.27% increase compared to the 5-day average delivery volume. With a market capitalization of Rs 52,878 crore, Federal Bank remains a notable player in the private sector banking industry. Overall, the surge in open interest and strong trading metrics highlight the stock's current market dynamics.